Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Declines By 57.6%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 94,400 shares, a decrease of 57.6% from the May 15th total of 222,500 shares. Based on an average daily trading volume, of 145,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company's shares are short sold.

Hedge Funds Weigh In On First Trust NASDAQ Technology Dividend Index Fund

A number of large investors have recently modified their holdings of TDIV. Stephens Inc. AR increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 43.9% during the 4th quarter. Stephens Inc. AR now owns 3,902 shares of the company's stock valued at $306,000 after purchasing an additional 1,191 shares during the last quarter. Centerpoint Advisory Group purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $554,000. Principal Securities Inc. increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 25.6% during the 4th quarter. Principal Securities Inc. now owns 4,145 shares of the company's stock valued at $325,000 after purchasing an additional 846 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $347,000. Finally, J.W. Cole Advisors Inc. increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 33,763 shares of the company's stock valued at $2,649,000 after purchasing an additional 796 shares during the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of First Trust NASDAQ Technology Dividend Index Fund stock traded down $0.93 on Friday, hitting $86.02. The stock had a trading volume of 84,218 shares, compared to its average volume of 134,307. The stock has a 50 day moving average of $77.10 and a 200 day moving average of $78.22. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $62.54 and a twelve month high of $87.12. The firm has a market capitalization of $3.13 billion, a P/E ratio of 25.15 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2703 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

The First Trust NASDAQ Technology Dividend Index Fund (TDIV) is an exchange-traded fund that is based on the NASDAQ Technology Dividend index. The fund tracks a modified dividend-weighted index of US-listed technology companies that pay regular dividends. TDIV was launched on Aug 14, 2012 and is managed by First Trust.